Paid supplier twice via "spend money"

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Kelly74
4 Posts
Cover User
Australia
Kelly74
Cover User

4Posts

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Paid supplier twice via "spend money"

I have accidentially paid a supplier twice via "Spend Money". How do I correct this to show that the supplier has now credited my account for the sum of $3500.28. This will of effect my BAS for the October/Dec quarter as well.

 

In addition I also have the next invoice from the supplier, leaving a $240.48CR on the statement.

 

Please help me adjust this to reflect the incident.

 

Thank you  - Kelly

 

 

 

 

1 REPLY
Ultimate Partner The_Doc
835 Posts
Ultimate Partner
Australia
The_Doc
Ultimate Partner

835Posts

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Accepted Solution Solved Solution

Re: Paid supplier twice via "spend money"

Hi @Kelly74

 

Reverse that 'Spend money' [don't delete] - goto preferences - select Reverse not delete 

 

Find the entry and reverse - change the date to 31/12/15 so it wont affect BAS as BAS for that period due end if Feb.

 

Record

 

Goto Renconcile - find the entry - turnoff  - Reversal [in poreferences 1st] - select entry and change the account it came out of [ie the bank account ] - to a cash account/petty cash or similar in Assets. It will be a -ve $xxxx

 

Now goto the supllier under purchases and pay their latest invoice from that account for the the amount - all will be balanced and your BAS will not be affected as you will have GST debit with the double up and a GST credit to reverse it in the Oct-Dec period.

 

The Doc

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